5878ORDINANCE NO. 5978
AN ORDINANCE APPROPRIATING $28,035-00 FOR PAYMENT OF
SEMI - ANNUAL INTEREST COUPONS ON FUNDING BOND ISSUE OF MAY 1,
1925; SEMI- ANNUAL INTEREST COUPONS ON REFUNDING BOND ISSUE OF
NOVEMBER 1, 1935; SEMI - ANNUAL INTEREST COUPONS ON REFUNDING
BOND ISSUE OF NOVEMBER 1, 1938; APPROPRIATING $70.09 FOR PAYING
AGENTS CHARGES FOR PAYMENT OF SAID SEMI- ANNUAL INTEREST; AND
FOR OTHER PURPOSES.
BE IT ORDAINED BY THE CITY' COUNCIL OF THE CITY OF
r
LITTLE ROCK, ARKANSAS:
SECTION 1. That the sum of $28,035-00 be and the same
is hereby appropriated out of the Bond and Interest Fund of the
City of Little Rock for the payment of the following indebtedness
due and payable at the Chase National Bank, New York City:
Interest Coupons No. 29 due May 1,- 1940 for semi - annual
Interest on Funding Bonds Nos. 773 to 1910, inclusive,
dated May 1, 1925, amount $25,605- 00 ( total principal
being $1,138,000-00-
Interest Coupons No. 9 due May 1, 1940 for semi - annual
interest on Refunding Bonds Nos. 1 to 66, inclusive,
dated November 1 1935, amount $742.50 ( total principal
being $33,000.00.
Interest Coupons No. 3 due May 1, 1940 for semi - annual
interest on Refunding Bonds Nos4,687 1 to 75, inclusive,
dated November 1 1938, amount .50 ( total principal
being $75,000-00.
SECTION 2. That the sum of $70.09 be and the same is
hereby appropriated out of the Bond and Interest Fund of the
City of Little Rock for the payment of the following charges
due the Chase National Bank as paying agent's fees in connection
with the payment of the aforesaid semiannual interest coupons,
as follows:
Commission for paying coupons due May 1, 1940
on 4j % Funding Bonds, 1/4 of 1% of $25,605-00-....$64.01
Commission for paying coupons due May 1, 1940
on 'i2% Refunding Bonds, 1/4 of 1% of $2,430-00 ..... 6.O8
Total Paying Agent's Charges ...... $70.09
SECTION 3. The Mayor and City Clerk are hereby authoriz-
ed to issue the City's warrant or warrants therefor, drawn on
the Bond and Interest Fund, for the purposes herein recited; and
the City Clerk is hereby authorized to make such arrangements as
are necessary for the transmittal of these funds to the Chase
National Bank of New York City to meet the due date of May 1, 1940
f
of said semi — annual interest payments and paying agent's
charges.
SECTION 4. This ordinance shall take effect and be
in force from and after its passage and approval.
Passed: April 22nd, 1940
Attest
Ci ty Cl erk.